**Forex Technical Major Pairs Analysis – October 20, 2025**
*Based on the article by Yohay Elam, FXDailyReport, with additional insights*
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The foreign exchange market consistently draws the attention of traders and analysts, particularly when it comes to the performance of major currency pairs. Evaluating the technical outlook of pairs like the EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD offers critical information for strategizing trades and managing risk. Below, we offer a comprehensive analysis of these major currency pairs for October 20, 2025, supplementing points from Yohay Elam’s report at FXDailyReport.com and incorporating further analysis from additional sources.
**EUR/USD Technical Analysis**
The EUR/USD currency pair remains a focal point among traders due to its liquidity and sensitivity to economic fundamentals. As of late October 2025, the pair exhibits a moderate recovery following a significant bearish phase observed in previous weeks.
– **Current Trend**
The pair is attempting to climb from recent lows as buyers test resistance in the 1.0650 to 1.0700 range.
– **Moving Averages**
On the daily chart, EUR/USD trades just below its 50-day simple moving average (SMA), signaling that bears are still influential, but the momentum is showing signs of shifting.
– **Key Support and Resistance Levels**
– Immediate support is at 1.0600, a psychological and technical barrier that has held through multiple sessions.
– On the upside, a move above 1.0700 could trigger a stronger rally towards 1.0800.
– **Technical Indicators**
– Relative Strength Index (RSI) hovers around 45 to 50, not yet in overbought territory, leaving room for further upside if the bullish momentum continues.
– MACD is flattening, showing indecision but potential for a bullish crossover if buying persists.
– **Fundamental Triggers**
– The European Central Bank’s cautious approach to monetary policy and persistent inflation concerns could limit immediate upside.
– Any unexpected shifts in US Federal Reserve policy may catalyze movement in either direction.
**Outlook**
Should bulls maintain pressure above 1.0650, EUR/USD could test higher resistances. However, a close below 1.0600 would signal renewed bearish control, with targets near the 1.0500 region.
**GBP/USD Technical Analysis**
Sterling’s recent performance has been shaped by divergent policy signals from the Bank of England and a mixed outlook for the British economy.
– **Price Pattern**
GBP/USD displays a sideways consolidation between 1.2150 and 1.2300, reflecting cautious market sentiment.
– **Moving Averages and Chart Structure**
– Price action trades under the 200-day SMA, suggesting lingering downside vulnerability despite recent attempts to rally.
– The pair has formed a
Read more on AUD/USD trading.